The simplest of tests is to rotate the wheel in the pits and see how much delay is produced the quicker you turn back and forth.
In decent systems, vsync can have a negligible effect but on systems that are struggling it's quite significant, undrivable for me personally.
I avoid saying it almost everywhere due to the cost involved but 1440p @144hz is what this game was made for. There is a fluidity and clarity that allows me to remove everything else from my mind and race... race faster and cleaner than ever before.
So for sure William I agree, look for that monitor upgrade next. John, disagree.
Only in some circumstances though... a struggling driver in a struggling system could potentially improve that much imo. Lord, I remember the GPL demo, it took me 40 minutes to do a clean lap at the Glen, soon after though with a new system, 3rd in the Aussie championship.
So much of speed is confidence and if you aren't committed to the turn, you're leaving time there.